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Juggilal Kamlapat, Kanpur vs Commissioner Of Income-Tax, Lucknow on 31 July, 1969

In the decision reported in Juggilal Kamlapat v. CIT , the Supreme Court has held the corporation may be a legal personality distinct from its members. But, the court is entitled to lift the mask of corporate entity if the conception is used for tax evasion, or to circumvent tax obligation or to perpetrate a fraud. The Supreme Court has observed (page 710):
Supreme Court of India Cites 2 - Cited by 123 - J C Shah - Full Document
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